Association between evergrande FC's club debt and Chinese super league's profitability from 2014 to 2019

This study examined the role of Evergrande FC's club debt on the Chinese Super League (CSL)'s profitability from 2014 to 2019. We extracted the financial statements of Evergrande FC and evaluated its correlation with the profitability of CSL and Evergrande Group, which serves as a direct i...

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Veröffentlicht in:	Frontiers in sports and active living 2023-02, Vol.5, p.1095250-1095250
Hauptverfasser:	Liu, Zeyong, Liu, Yuqian, Bu, Te, Matic, Radenko, Corilic, Dusan, Casaru, Catalina, Zhang, Yang
Format:	Artikel
Sprache:	eng
Schlagworte:	financing modern monetary theory real estate soccer Sports and Active Living sports industry
Online-Zugang:	Volltext
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Zusammenfassung:	This study examined the role of Evergrande FC's club debt on the Chinese Super League (CSL)'s profitability from 2014 to 2019. We extracted the financial statements of Evergrande FC and evaluated its correlation with the profitability of CSL and Evergrande Group, which serves as a direct indicator of commercial growth. The association between Evergrande FC's net loss and gross debt and CSL's profitability is positive, strong (all correlation coefficients > .89), and statistically significant (all
ISSN:	2624-9367 2624-9367
DOI:	10.3389/fspor.2023.1095250